BSE Sensex, Nifty hit new lifetime high on foreign inflows

 

the BSE Sensex continued its record-setting spree, hitting a new lifetime high in opening trade on strong rally in power, oil & gas, auto, banking and PSU stocks, driven by sustained capital inflows.

Brokers said sustained capital inflows by foreign funds at the domestic bourses and widespread buying by retail investors on expectations that the Reserve Bank of India will keep interest rates on hold in its policy review on Tuesday, helped the key indices to continue their record-setting spree.
Further, a firming trend in other Asian markets also buoyed the trading sentiments here, they said.
The 30-share index of the Bombay Stock Exchange rose by 124.89 points, or 0.55 per cent, to trade at an all-time high of 22,464.86, surpassing its previous intra-day record high of 22,363.97 reached on March 28.
The 50-share NSE Nifty too scaled a new high of 6,728.85 by surging 32.95 points, or 0.49 per cent.
Sectorally, the BSE power sector index gained the most, rising 1.25 per cent, followed by Oil and Gas index (0.93 per cent), PSU index (0.81 per cent) and Auto index (0.73 per cent).
Among other Asian markets, Hong Kong's Hang Seng rose 0.81 per cent while Japan's Nikkei gained 0.98 per cent in early trade on Monday.


anand maurya
pgdm-2sem